Tax Deeds???? What are your opinions?

[Kadesha Copeland]

Hello, what are some of your thoughts on buying tax deeds when you’re first starting out to acquire property for deep discounts? I’ve done some research and I know the worst is additional costs that can come up if you were to take ownership of the property, but I’m very optimistic overall that I don’t feel discouraged about taking on something “possibly” more problematic than most. I know I have to do due diligence and get title searches of the property before I bid and in my opinion the pros outweigh the cons. Am I looking at this the wrong way? Any and all advice would be greatly appreciated!

[Arnie Abramson]

Tax Deeds area alive and well in Texas-even though the last couple of months have had fewer counties with sales.  That is about to change and there are still deals to be had here if you know where to go and how they work.  There are classes available online for those who are so inclined.

As for excess proceeds, in Texas the most you can charge to help someone claim them is 25%, not to exceed $1,000 and you must be an attorney to charge anything.